IREDA borrows $35 million from World Bank for Rewa and Mandsaur solar projects

Indian Renewable Energy Development Agency (IREDA) has entered into a $35 million sub-loan agreement for the development of the Rewa and Mandsaur solar projects in Madhya Pradesh. IREDA will be the nodal project implementation agency for the disbursement of funds. According to the Press Trust of India, the funds will be used to develop 750 MW of transmission and evacuation infrastructure at the Rewa and 250 MW of infrastructure at the Mandsaur solar parks in Madhya Pradesh.